Revenue excluding the impact of scale-down solutions grew by 10% in the first quarter of 2025 compared to the same period in 2024, continuing the positive trend as observed in the second half of 2024. This increase was driven by the Healthcare, Livestock and Retail key markets, while revenue in the Security key market declined due to the timing in the delivery of products related to larger projects. Revenue growth including the impact of scale-down solutions amounted to 6%.
Recurring revenue grew by 12% in the first quarter of 2025. This increase was driven by the expansion of Nedap’s software-as-a-service propositions and subscription-based solutions in all key markets.
